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Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Kenneth Cole Productions, Inc. (“KCP” or the “Company”) (NYSE:
KCP) concerning possible breaches of fiduciary duty and other violations of law related to the going-private proposal made by the Company’s controlling shareholder, Chairman, and Chief Executive Officer, Kenneth D. Cole (“Cole”) to acquire and take private KCP in a transaction valued at approximately $280 million or $15.00 per share.

Under the terms of the going private proposal, public shareholders of KCP will receive $15.00 per share in cash for each share of KCP they own. Cole announced that he would otherwise not otherwise sell his interest in the Company nor would he vote in favor of an alternative sale, merger, or similar transaction involving the Company.

The investigation concerns whether KCP’s board of directors failed to adequately shop the Company and obtain the best price possible for KCP’s public, minority shareholders before entering into an agreement with Cole.

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